Zambia Plus programme will increase FDI

GOVERNMENT should continue implementing the Zambia Plus economic recovery programme to sustain the country’s credit rating to increase foreign direct investment (FDI) and grow the economy, an economic analyst Herryman Moono has said.

Last week, Moody’s Investors Service (Moody’s) changed Zambia’s credit rating outlook to stable from negative and affirmed its B3 long-term issuer rating.

Mr Moono said the upgrade of Zambia’s credit rating is a positive signal to investors and if sustained, will result in increased FDI.
He said implementation of the Zambia Plus programme has helped to reorganise the economy, resulting in investor confidence in the country’s rating.
“It is important that the grade is sustained and possibly improved in future to increase FDI inflows for…

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